RESEARCH

WORKING PAPERS

1. Seeing is Believing: Annual Report Enhanced Visuals and Stock Returns Predictability, (with Gao, Lei, Hu, Bo, & Zhou, Guofu). [SSRN]

• Firms adding visuals into annual reports experience positive abnormal returns, accompanied by increased institutional attention and holdings.

• On EFA 2024 (European), AFBC 2024, SFS Cavalcade Asia-Pacific, CICF 2022

2. Steering Innovation: Women at the Helm, (with Gao, Lei, & Han, Jianlei).  [New Draft Coming Soon]

• Companies headed by women produce approximately 50% more patents and citations, relative to those led by men.

• On FMA Asia-Pacific 2022, AFBC 2022

3. Firm Inflexibility and Corporate Tax avoidance, (with Huseynov, Fariz, Sardarli, Sabuhi, and Zhou, Chao). [SSRN]

• Inflexible firms are more likely to engage in tax avoidance, primarily through tax-saving avoidance.

• On FMA 2023, FIRN 2023, New Zealand Finance Meeting 2022

4. Geopolitical Risk and Technological Innovation, (with Astvansh, Vivek, & Habib, Adnan). [SSRN] 

• Firms' innovation output is worsened amid rising geopolitical risk, likely through losing critical talents and lowering R&D investment.

• Featured in Harvard Business Review

• On AFBC 2022, FIRN PhD Symposium

5. Stakeholder Orientation and Corporate Investment: Evidence from Constituents Statues, (with Jiang, Christine, & Shen, & Shuyu).

• Stakeholder oriented firms invest less but more efficiently.

• On FMA 2022, Vietnam International Conference in Finance 2023